- Notcoin (NOT) is positioning for a potential bullish breakout despite a recent 31% decline.
- A bullish falling wedge pattern on the daily chart suggests a possible upward move.
- Key resistance at $0.0120; a breakout could push NOT towards $0.0225.
Notcoin (NOT) is primed for a significant bullish breakout as market sentiment gradually shifts despite recent setbacks. In the past week, NOT has been down almost 10%, while in the last 30 days, it plummeted a staggering 31%, portraying how much volatility and downtrend have gripped the market. Contrasting in line with such figures, analysts still thread an optimistic note pertaining to the future price trajectory of NOT and forecast substantial gains on the radar.
At the time of writing, NOT is trading at $0.01089. In the last 24 hours, the token has fallen by 2.72%, with a volume of $616.96 million in trading. Notcoin’s market capitalization remains strong at $1.12 billion, securing a market dominance of 0.05%. These figures austerity that despite being under short-term pressures, Notcoin’s overall market presence remains quite formidable.
Notcoin (NOT) Gears Up to Hit $0.0225
Crypto enthusiasts, keep watching Notcoin because it might be gearing up for a huge price movement. According to Jonathan Carter, one of the popular cryptocurrency analysts, the NOT token currently shows signs of a bullish set-up that would be substantially adding to gains in the near future.
Carter’s analysis focuses on a key technical pattern known as the falling wedge, which has been forming on Notcoin’s daily chart. This can often be considered a bullish indicator at times when downward momentum is weakening, and a breakout might be imminent..
Currently, NOT consolidates just below a crucial resistance level at $0.0120. This consolidation phase indicates that the market is tending to build up pressure, and if the token breaks above this resistance, it could trigger a strong upward move.
Carter is optimistic over breakout potential, as he claims that if price can successfully cross the $0.0120 resistance, it might rally up towards the next important resistance zone around $0.0225. That would represent a considerable increase from its current levels, so Notcoin would be a token to watch in the upcoming days.
As the market eagerly awaits this breakout event, traders and investors are warned to closely monitor Notcoin, as it is expected to present a good opportunity for those targeting capitalization on a bullish trend. It may be that the future days will bring an ultimate decision regarding NOT as it could lead to a surge in price.
Related | VeChain (VET) on Track for 33x Surge By 2025, Accumulation Zone Identified Between $0.024 to $0.009
